Trading Expert Projects NFLX to $500 by 2029 Despite Dips Near $88

A TradingView analyst forecasts Netflix (NFLX.OQ) reaching $500 by early October 2029—a 480% surge from recent ~$87 lows—based on long-term channel patterns and support above monthly 50-MA. Shares plunged to $88.08 on May 5, lowest since February and down 22.4% YoY, but flashed a bullish signal within 0.75 of the 80-day MA's 20-day ATR (71% historical one-month rebound rate, avg +5.2% to ~$92). Erste downgraded to Hold on May 6 amid high P/E ~34, while a May 7 piece favored Meta's value; yet Q1 beats ($12.25B revenue +16%, $5.09B FCF +91%) and $25B buyback bolster optimism.